What are the steps to make Leek go bankrupt? The complete secret of the single-group scam in the currency circle

"Hi, hello, I'm the customer service staff of XX exchange. I see you've been doing contracts recently. Would you like to join the group to learn from the teacher?"

When old leeks receive this kind of call, they hang up immediately and curse in their hearts, "I'm cutting leeks again." But what about Xiaobai? Maybe you are really tempted and ask, "Is there any charge? What are the benefits?"

When the customer service staff heard that there was something going on, they immediately became excited: "It's free! The teachers in the group will take orders and help you make money!"

Pie in the sky? Wake up brother, this pie is filled with sickles.

By the time you really put all your money into it, thinking that it will be doubled tenfold or a hundredfold, in fact the script has already been written - your money has long been someone else's.

In the subsequent drama, the "patient customer service" and "perfect teacher" are all actors. You cooperated with the performance, but ended up leaving the show with nothing, blaming your own bad luck.

Contract trading is booming now, with huge returns and greater risks. Counterfeit exchanges have long stopped engaging in low-level operations like rolling your money and running away. What they are now doing is "refined harvesting", setting up traps for you to jump. After you lose money, you have no way to complain.

Today, let’s peel off this layer of skin and see how dark this gray industrial chain is.

Join the group to be cut off: Your privacy is worth a dime

There are only two ways to join the KOL group: either be "invited" by phone, or actively join those "KOL analysis groups" yourself.

No matter which one, you may end up being eaten to the point where no bones are left. Let’s talk about the first type first.

The "customer service" person on the phone said "staff from the three major exchanges", which sounds pretty bluffing, right? Once you enter the group, you will find that these are small exchanges that you have never heard of.

You must be wondering: How do they know my phone number? Do you still know that I am playing with coins?

**The answer is two words: gray birth. **

These copycat exchanges specialize in buying user data from exchanges that have gone bankrupt and various encrypted apps. A phone number, a dime.

"30,000 accounts, 3,000 yuan, cheap, right? Our data is accurate and the conversion rate is high." This is what data sellers brag about.

Then the exchange hires part-time customer service personnel to make thousands of calls a day, and pays 5 yuan for each person to join the group. Conversion rate? 0.2%~0.3%, if you look for a needle in a haystack, you can always find a few stupid fish.

These firms basically only deal with contracts. Customer service will ask you if you are playing with the contract? If you say no, he immediately hangs up the phone; if you say yes, the fun begins - you officially enter the "waiting list."

**Your privacy is worth a dime, you took the bait, it’s worth five bucks. Isn't it ironic? **

Harvesting step by step: The routine is as deep as the sea, and it is impossible to guard against it.

Entering the group is the beginning of harvest. One set after another.

1. Not recharging? Don’t even think about joining the “real offer group”

The customer service said "take orders for free", but his face changed when he entered the group.

A staff member will immediately add you and start tricking you into recharging your money. "You are in a junior group now, and the teacher's strategies are slow to update. Want to join the real group? Deposit money first."

In this junior group, except for you, everyone is basically a supporter. They post messages like "I've made money again" and "The teacher is awesome" in the group all day long to stimulate you.

In order to get you hooked, the staff will also post screenshots of the profits of the "real offer group", which will make you feel itchy.

Charge less? Continue to trick you into charging more, join the "VIP group" and enjoy one-on-one guidance.

If you wait and see, they will bombard you with information and screenshots of profits. Life or death without replenishment? In the end, I kicked it directly without wasting resources.

What does this mean? People backstage can clearly see that your little thoughts have been figured out long ago.

What’s even more amazing is that some copycat firms require you to fill in an invitation code when registering (mainstream firms are optional). This sounds right, just like CX, you pull people one-on-one, and the outside has no idea what is going on inside. To put it bluntly, this is the "pig killing plate".

2. Real offer group? That's a "bottomless pit"

Do you think you can get rich by joining the real offer group? Too naive. The moment you recharge, the money may have gone into someone else's pocket. The subsequent scenes are just to make you "convinced".

(1) "Great" teachers are all drama queens

In order to make you believe it, they package the order-taking teacher as the "God of Trading". In reality? Maybe they are ordinary employees in the exchange who earn several thousand a month.

The trick is to show off the rate of return. Note that it is the rate of return, not the amount of income. Under 100 times leverage, Bitcoin fluctuates 2.3%, and the rate of return can reach 230%.

The teacher opens long and short orders at the same time, and whoever makes a profit will take a screenshot. Why don’t you dare to disclose the amount? Because the position may only cost tens of dollars.

"Take a few dozen yuan to open 100 times leverage and take a screenshot. You are also a teacher." This is absolutely true.

These "great gods" never dare to show up on platforms such as Coin and Huangdi that require API access and display real data. The characters are all made up to fool novices.

"The exchange comes up with strategies to make you money? Do you think we are doing charity?"

(2) High leverage, liquidation is not negotiable

The leverage of contracts on these copycat exchanges can easily reach 50 times or 100 times, and leverage below 10 times is rare.

"I opened it 20 times, and everyone in the group opened it 50 or 100 times." Lao Li, who was playing contract trading for the first time, only realized it after losing money. "The group was full of stooges, leading everyone to play with high leverage. The teacher didn't remind you at the beginning, but only after losing money said you should pay attention to risk control."

Some exchanges are even more ruthless, directly forcing high leverage, and can only open a full position of 50 times, 100 times or even 150 times.

**What is the concept of 100 times the full position? The position is fully opened, the market falls by 1%, and the position is immediately liquidated to zero. **

"The higher the multiple, the higher the profit!" The staff of the exchange deceived, "There are definitely risks, just control them well and set up a good stop profit and stop loss."

To put it lightly. Many small firms don't even have plan commissioning or stop-profit and stop-loss functions, and rely entirely on manual market marking. Under high leverage, manual operation is simply too late. Even if it has this function, it often fails and the depth is poor. Sooner or later, the position will be liquidated.

"I had set a stop-profit before, and I could have made a profit of one or two thousand US dollars. But when I woke up in the morning, I saw that the stop-profit had been removed. The exchange said that I had operated it myself. I had no evidence, so I had to admit defeat and stop the loss to close the position." Lao Li has suffered this loss. "Sometimes the stop-loss is not completed, and the exchange says that the market is volatile and slippery."

In one month, Lao Li left the market with a loss of 6,000U. "Just think of paying tuition. If you lose all the money, the teacher will immediately ignore you. It's very realistic."

(3) Cut leeks with professional techniques

Why do these small firms only play with high leverage?

**First, earn handling fees. ** Assuming that the contract handling fee is 0.2% and the leverage is opened at 100 times, the total handling fee for opening and closing a position is 0.2%1002=40%. This means that you open a position and close it immediately without doing anything, and you lose 40% first. The exchange is a sure profit.

Moreover, the threshold for opening a position in these small exchanges is high, with a minimum of more than 100U per lot; for mainstream exchanges like Binance, the minimum for a contract is less than 1U.

The higher the value of the position, the higher the handling fee, and the higher the rebate from the teacher who leads the order, and you can make a lot of money. Therefore, the teacher will frequently give you positions and let you do short-term trading. After a few rounds, the principal will be eaten up by the handling fees.

**Second, eat your principal. ** Many small firms do not have market makers, and the exchange is your counterparty. You gain and he loses, and you lose and he gains. So they try to make you lose money by using high leverage and frequent trading, which is more covert than directly "inserting pins".

"The pin insertion is too obvious and can easily scare people away. If you operate the liquidation yourself, you will generally feel unlucky and it will be difficult to defend your rights."

"Xiaobai likes stud. Even if you make a profit this time, as long as you don't leave the market, you will lose all your money if you lose once. Even if there is no stud, other positions under high leverage are not safe. According to the Kelly formula, most people will lose money in the end, but the exchange as a whole will still make a profit." Insider Men Erqing.

What’s even more sinister is that some exchanges ask users to set up profit and loss stops and send orders to the group. The euphemistic name is “teacher guidance”, but in fact it is to calculate the profit-loss ratio and engage in “fixed-point blasting”.

There are also rules in the group: it is forbidden to add friends privately, and there will be rewards for reporting. This is to create an "information island" that prevents you from communicating with others and interferes with your judgment. Lost money? The customer service will come and advise you to "recharge more and win it back next time."

(4) Even the KOLs are dragged into the water and cut off together

In another case, those "KOL analysis groups" you added yourself may also become a trap.

Some KOLs do have some level of proficiency, they are not peddling. However, some copycat companies will seek cooperation with them and provide them with advertising fees or high commissions (up to 40%) to attract traffic.

There is nothing wrong with this operation itself, and big firms do it too.

However, some small firms directly proposed to give KOL points for "customer losses". Do you think they earn fees? What others are eyeing is your principal.

"How much money can you make as an analyst? Cooperate with us and make a lot of money." The exchange said so temptingly, "We won't insert any needles or hurt your connections."

Exit blocked: Want to withdraw coins? No door

After being beaten down by such a combination of punches, most retail investors basically gave up.

But there are always a few "chosen ones" who are extremely lucky and bet in the right direction with high leverage. They really make money and want to withdraw money and leave.

Can the cottage make you leave? Think beautifully.

The first step in withdrawing coins: KYC certification. Certification is no problem, but some exchanges require you to complete Level 3 certification before you can withdraw coins. Mainstream exchanges require Level 1 certification. The key is that you have to wait a day or even longer for the certification to be completed, seriously delaying the use of your funds.

After the certification is passed, the currency withdrawal threshold is here again. Is the minimum withdrawal limit for BTC, USDT, and ETH 200? This is so high that I don’t know where it is from the mainstream.

There is no way to trade over the counter, the minimum is 500U. Do you have 100U left? Either recharge or give it to the exchange. Do you still dare to charge? Most people choose to admit their mistakes and spend money to learn a lesson.

The handling fee for withdrawing coins is also ridiculously high, ranging from 10% to 20%.

Even if you pass all the levels and insist on withdrawing coins, the exchange still has the ultimate trick: banning your account. After a user makes money with options, his account will be blocked directly. Official reason? "Manipulate the market and trigger risk control."

What is the truth? We don't know. But account bans are indeed nothing new in the currency circle.

In short, it means the same thing: ** only allows you to lose, not win. Don't even think about leaving until you finish losing. **

Summary and advice: If you want to play it safe in contracts, remember these points

The currency circle is developing rapidly, and the methods of scammers are also escalating. Some cottages are born to "cut off a wave of escape". They lie on investors like leeches and suck blood. By the time you react, you will have been drained dry.

Don't think, "I won't be fooled." If you really fall into it, with the dream of making money, you can easily be led astray by the routine, and end up losing everything.

**So, keep your eyes peeled and trade with caution. ** If you really want to play contracts, you must choose the world’s top platform with a formal license. Control the position, control the leverage, and don’t trust any “teacher with orders”.

How to identify a scam?

If the group you join meets the following characteristics, run quickly:

• Assign you to register at an unknown exchange. This exchange only has ultra-high leverage, high thresholds for deposits and withdrawals, and high handling fees.
• **The teacher only shows the rate of return and does not dare to show the actual profit amount on platforms such as Coin. **
• **Frequently gives you points to open orders, and also requires you to send your positions to him. **

Choose the right platform to eliminate risks from the root

Instead of defending your rights after the fact, it is better to choose the right place from the beginning. **Strongly recommend that all brothers, whether playing spot or contract, only use exchanges that are ranked high in the world and have formal licenses. **

In order to help everyone save some money, CoinRebate has prepared permanent fee discount invitation codes for major top exchanges. Register with our code and the handling fee will be directly discounted. The more transactions you make, the more you will save.

Safe trading starts with choosing the right platform:

• Binance: The largest in the world, the most complete products, and a reliable old brand.

• Exclusive registration link: https://www.maxweb.black/join?ref=LULALA

• Invitation code: LULALA

• Rebate discount: 20% handling fee discount

• OKX: A top-notch old firm with good contract experience, suitable for veterans.

• Exclusive registration link: https://www.lywebuuz.com/join/LULALA

• Invitation code: LULALA

• Rebate discount: 20% handling fee discount

• Bybit: started as a contract, has a user-friendly interface and is friendly to novices.

• Exclusive registration link: https://www.bybitglobal.com/invite?ref=ODXBWMN

• Invitation code: ODXBWMN

• Rebate discount: 20% handling fee discount

• Bitget: The following features are obvious and the community is lively.

• Exclusive registration link: https://partner.dhxrcw.cn/bg/dtw2za9n

• Invitation code: lu8888

• Rebate discount: 20% handling fee discount

• Gate.io (Open Sesame): There are many currencies, new ones are added quickly, and it is a paradise for playing altcoins.

• Exclusive registration link: https://www.gatesite.cloud/signup/UQJBUVo?ref_type=103

• Invitation code: UQJBUVo

• Rebate discount: 30% handling fee discount

**Final words: There is no pie in the sky in the currency circle. Those operations that look too beautiful are probably pitfalls. ** Protect your principal and stay away from "teachers" and copycats with unknown origins. This is the first lesson to survive in the currency circle.

Next time you get that kind of call, just hang up, then click on the safe links above to go to the real top platform and start your trading. Wouldn’t it be nice to buy some pork ribs with the saved handling fee?

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